Question 4 t f capital stock outstanding is the

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Question 4 (T / F) "Capital stock outstanding" is the number of authorized shares of stock that have been issued and that are still currently held by stockholders. Capital stock outstanding excludes any Treasury Stock. Select one: True False
Correct. The correct answer is 'True'.
Question 5 (T / F) Assuming a company has not issued any preferred shares, the return on average common stockholders' equity equals net income available to common stockholders divided by average common stockholders' equity.
Question 6 (T / F) Paid-in capital is presented in the stockholders' equity section of the balance sheet. Each source of paid-in capital is listed separately.
Question 7 (T / F) Extraordinary items are both usual and interesting in nature. Extraordinary items appear on the income statement (net-of-tax effect) as part of "Income from continuing operations". Select one:
Question 8 (T / F) Income available to common stockholders is net income plus any dividends on preferred stock. Select one:
True False Correct. Income available to common stockholders is net income less any dividends on preferred stock. The correct answer is 'False'. Question 9 (T / F) The retained earnings balance of a corporation is part of its paid-in capital. Select one:
Question 10 (T / F) The purchase of treasury stock does not affect stockholders' equity. Select one:

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